Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.028%

Price spread now: GMX against Binance+0.023%7-day average +0.015% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.023%, 7d avg +0.015%

Together, before fees+0.278%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XAGUSDT	66.210	0.0189	pay 0.0095% / 4h	1h 46m	$191.6M	$705.7M	100x
Short	GMX SILVER/USD [ETH-USDC]	66.225	L +0.0332% / S −0.0343%	get 0.0043% / 1h	46m 44s	$103K	—	111x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GMXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $32.4
Price spread: +0.023% → +0.015%: $0.81
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.22
Costs to cover: 0.220%
Break-even: 4.6 days

Slippage unknown: Binance: live order book, 12 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 12 min ago	0.75 bp	5.8 bp −$6	5.8 bp −$58	10.0 bp −$1,001	24.0 bp −$12.0K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.178	−0.048%	$15K	—	5x	as long as short
Gate XAG_USDT	0.0000%	4h	66.220	+0.015%	$150.9M	$161.9M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.220	+0.015%	$2K	$2.7M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.260	+0.076%	$1.0M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.250	+0.060%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.154	−0.084%	$121K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.196	−0.021%	$4.8M	$9.4M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.142	−0.102%	$5.3M	$12.1M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	+0.287%	$11K	$94K	52x	as long as short
Ondo Perps XAG-USD.P	+0.0036%	1h	66.110	−0.151%	$5.7M	$9.7M	25x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.240	+0.045%	$797K	$2.9M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.657	+0.675%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.187	−0.035%	$3.9M	$672K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.148	−0.094%	$3K	$6K	20x	as long as short
QFEX SILVER-USD	+0.0062%	1h	66.220	+0.015%	$115K	$2.7M	20x	as long as short
Kalshi KXSILVERPERP	+0.0064%	24h	66.183	−0.041%	$546K	$24.5M	8.1x	as long as short
Hotstuff SILVER-PERP	+0.0064%	1h	66.183	−0.041%	$35K	$21K	20x	as long as short
tradeXYZ xyz:SILVER	+0.0082%	1h	66.173	−0.056%	$165.7M	$74.8M	25x	as long as short
Phoenix SILVER	+0.0084%	1h	66.206	−0.006%	$56K	$26K	25x	as long as short
Pacifica XAG	+0.0100%	1h	66.157	−0.080%	$471K	$607K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.160	−0.076%	$24.5M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.170	−0.060%	$113K	$30K	50x	as long as short
Paradex XAG-USD-PERP	+0.0134%	8h	66.210	0.000%	$30K	$1K	5x	as long as short
Aster XAGUSDT	+0.0135%	4h	66.218	+0.012%	$2.7M	$894K	100x	as long as short
Bybit XAGUSDT	+0.0145%	4h	66.230	+0.030%	$26.7M	$36.0M	150x	as long as short
Lighter XAG	+0.0168%	1h	66.205	−0.007%	$5.3M	$10.4M	25x	as long as short
Aevo XAG-PERP	+0.0176%	1h	66.206	−0.005%	$48K	—	10x	as long as short
Variational Omni XAG	+0.0176%	4h	66.242	+0.048%	$5.5M	$9.7M	—	as long as short
RISEx XAG/USDC	+0.0181%	1h	66.220	+0.015%	$1.2M	$4.4M	20x	as long as short
MEXC SILVER_USDT	+0.0188%	4h	66.200	−0.015%	$110.5M	$151.9M	1000x	as long as short
Binance XAGUSDTlong	+0.0189%	4h	66.210	long leg	$191.6M	$705.7M	100x
edgeX XAGUSDC	+0.0192%	4h	66.221	+0.017%	$672K	$315K	30x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0192%	1h	66.350	+0.211%	$1.9M	$972K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0215%	8h	66.200	−0.015%	$27.8M	$65.5M	50x	as long as short
Aftermath Perps XAGUSD	+0.0234%	1h	66.218	+0.011%	$80K	$38K	10x	as long as short
Nado XAG-PERP	+0.0238%	1h	66.170	−0.060%	$1.3M	$6.6M	10x	as long as short
BloFin XAG-USDT	+0.0243%	4h	66.240	+0.045%	—	$559K	100x	as long as short
Bitget XAGUSDT	+0.0250%	4h	66.210	0.000%	$23.8M	$46.1M	100x	as long as short
Bullet SILVER-USD	+0.0261%	1h	66.229	+0.028%	$46K	$75K	10x	as long as short
Hibachi XAG/USDT-P	+0.0264%	1h	66.160	−0.076%	$20K	$22K	10x	as long as short
GRVT XAG_USDT_Perp	+0.0278%	4h	66.277	+0.101%	$400K	$1.5M	25x	as long as short
GMX SILVER/USD [ETH-USDC]short	L +0.0332% / S −0.0343%	1h	66.225	+0.023%	$103K	—	111x
Deribit SILVER_USDC-PERPETUAL	+0.0355%	1h	66.200	−0.015%	$50K	$326K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0550%	1h	66.182	−0.043%	$763K	$475K	25x	as long as short